July 27, 2015
The week is off to a hot start with some big time funding, major acquisitions, and even a secret IPO filing by one of everybody’s favorite companies. As always, if we missed anything let us know and we’ll make sure to get it covered. Congratulations to all the companies, and enjoy!
If you’re interested in having our daily roundup sent directly to your inbox make sure to subscribe here.
EcoVent Closes $6.9 Million in Funding
EcoVent, the maker of intelligent home zoning systems that deliver complete room by room climate control, today announced the close of a $6.9 million funding round led by Emerson Climate Technologies. It also included participation from Tamarisc and Blue Fog Capital, and the funds will help the team bring room by room temperature control and comfort to homeowners. After being named Automation Product of the Year at CES 2015 they’ve also seen more than $1 million in preorders.
Secret Escapes Raises $60 Million
The British travel deals website Secret Escapes raised the funds from Google Ventures, primarily, but saw participation from Octopus Investments as well. Existing investors Index Ventures and Atlas Ventures also participated in the new round, and all the funds will go directly towards fueling international expansion efforts.
Flipboard Confirms Rumors of Fundraising
Social magazine startup Flipboard confirmed the $50 million it was rumored to have raised last week, and announced that JP Morgan was the sole investor in the Series D round. This brings Flipboard’s total venture funding to $210.5 million, at a valuation that could range from $800 million to $1.32 billion according to the company’s SEC filing.
Razer Acquires Ouya Gaming Console
To fulfill their mission of delivering high quality products to meet the needs of gamers, Razer has announced that they’ll be officially acquiring Ouya. Further, they’ll acquire the company’s technical and developer relations teams to expand Razer’s Android TV, its Forge TV consol, and their Cortex gaming platform. It’s important to note that Razer won’t be acquiring the Ouya micro-console hardware or controller.
Vizio is Planning to File for an IPO
According to their paperwork filed with the SEC, the LCD HDTV manufacturer is officially going public. To date they claim to have sold more than 15 million smart TVs with over half of them hooked up to the internet. To keep ahead of their competition, Vizio will tap the power of their Inscape Data Service to capture up to 100 billion viewing data points from 8 million connected TVs each day, effectively tracking what people are watching.
Square Files for IPO Confidentially
Square, the San Francisco based maker of the popular cred card reading devices, has secretly filed for an IPO, according to an unnamed source familiar with the situation. Square filed their prospects under the Jumpstart Our Business Startups (JOBS) Act, which lets companies with under $1 billion in revenue file their IPO paperwork confidentially.
Image Credit: Wikimedia Commons
Did you like this article?
Get more delivered to your inbox just like it!